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Exercise 11-7 Levine Inc., which produces a single product, has prepared the following standard cost...

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Exercise 11-7 Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at $1.80 per pound) Direct labor(4 hours at $13.00 per hour) $10.80 $52.00 During the month of April, the company manufactures 170 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) Direct labor (720 hours) $3,610 $9,288 Compute the total, price, and quantity variances for materials and labor. Total materials variances Unfavorable unfavorable unfavorable Materials price variance Matenals quantity variance s Total labor variance Labor price variance unMavorable Labot quansty variance

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